Text of: 954-811

The Committee recommends concurrence as amended as follows:

Revise subparagraph 7 of paragraph 811 to read:

7. No general council, board, commission, or committee receiving general Church funds shall initiate or cause to be organized without approval of the General Council on Finance Administration a foundation, endowment fund or similar organization for the purpose of securing, conserving, or expending funds for the direct or indirect benefit or support of any general agency or any of its programs or work. Foundations, endowment funds, and similar organizations related directly or indirectly to any general Church agency receiving general Church funds shall report annually to the council in a manner determined by the council.

 

 

 

 

Info About Calendar Item 954-811

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